Wirex Wallet to Facilitate Malaysian and Indonesian Users with New Payment Method

Digital payment platform, Wirex announced yesterday that the company has made its non-custodial wallet more accessible to APAC users through the release of a new payment method. The payment firm has added local payment systems and instant bank transfers for Malaysian and Indonesian customers to help them buy crypto on the app in an effort to make the Wallet easier than ever to use.

The recent announcement from the company came a few weeks after Wirex announced new payment methods for Wirex Wallet users in India. The Wirex Wallet is a non-custodial wallet connecting users with Defi services. The payment firm has highlighted the growing opportunities for growth in the APAC region.

Pavel Matveev, the Chief Executive Officer and Co-Founder of Wirex, commented: "Having gained a global reputation for innovation within the crypto sector since launching the Wirex app in 2014, we've released the Wirex Wallet to enable mainstream users to benefit from Defi. Extending the payment options for customers in Indonesia and Malaysia, countries characterized by low card penetration, is the next step in this.”

Crypto Adoption

While the adoption of digital assets has jumped substantially around the world in the past few years, the region of Southeast Asia has been among the top adopters of cryptocurrencies. According to Matveev, innovation in the crypto sector will play an important role in its growing adoption across different regions.

“Crypto adoption in Southeast Asia is growing at an astronomical rate, so it's important that we provide a best-in-class experience for users by offering the ultimate convenience, flexibility and security when using the app,” Matveev added.

Earlier this year, i2c, a digital payment and banking technology provider, announced a partnership with Wirex for the expansion of its prepaid multi-currency debit card in the US market. Furthermore, Wirex recently reached 150,000 registrations in the US.